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Elliott wave projection: JSW Steel Trend AnalysisJSW Energy has been forming a downward channel for 22 weeks, and Elliott's projection illustrates the formation of a corrective structure. Traders can short for the following targets: 289- 278 - 262 The corrective pattern started unfolding after a high of 408. Let's discuss wave formations and the Fibonacci relationship of correction. Wave ((A)) is an impulse pattern and retraced 78.6% of wave 5. Wave ((B)) is a double zigzag and retraced 61.8% of wave ((A)). Wave ((C)) is unfolding its pattern, and it has broken down the descending channel of wave ((B)), which indicates that wave impulsive wave has started.
NSE:JSWENERGY
by forextidings
2
AB CAPITAL Has Completed An 8-Month-Old Correction.According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)). Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal. If the price breaks wave (X) , the price will surely make a new high because it will give evidence of the impulsive move. Price may take retracement as wave x works as a resistance which can be the best entry for bull traders. We can see the following targets: 127.70 138.96 151.2 165.9+ Invalidation: breakout of the minor channel.
NSE:ABCAPITAL
by forextidings
8
Nifty Update: The Case Of Initiative And Response Between Bulls Nifty has completed the law of similar action. It has broken the corrective channels and touched the lower band at 16892. Price has faced support on the lower band and responded with demand by touching the upper band. At this time, the price is out of the downtrend channel. In my previous idea, I have mentioned that if the price can't break the pivot point, there are high chances of price excess. Our nearest lower high (LH) is 17403 , which may react as a resistance. In a nutshell, if nifty breaks the pivot at 17621 , there are higher chances of the trend changing. Before reaching the pivot point, it has to break the resistance line. Failure will be the cause of excess.
NSE:NIFTY
by forextidings
8
XAUUSD SUPPORT AND RESISTANCE LEVELS 26-07-2022FOREX GOLD XAUUSD SUPPORT AND RESISTANCE LEVELS || 26/07/2022 GOLD SIGNALS FOREX LEVELS TODAY TODAY GOLD LEVELS BUY SELL GOLD #forex #gold #xauusd #xauusdsignals #technicalanalysis Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. warning: Note! The Analysis video shared here are for educational/informational purposes only.
OANDA:XAUUSD
by Ravi_forexTrader
XAUUSD GOLD SUPPORT AND RESISTANCE LEVELS 25-07-2022FOREX GOLD XAUUSD SUPPORT AND RESISTANCE LEVELS || 25/07/2022 GOLD SIGNALS FOREX LEVELS TODAY TODAY GOLD LEVELS BUY SELL GOLD #forex #gold #technicals Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. warning: Note! The Analysis video shared here are for educational/informational purposes only.
OANDA:XAUUSD
by Ravi_forexTrader
FOREX TRADING STRATEGYTF 30 min SIGNAL 200 ema break USE price action as well PIVOTS Fibonacci KEEP RR - 1:4 🎯 win rate - 70% # note : wait for the pullback. If the candle is big enough... then no need to wait for pullback. # keep SL a little above the entry candle # the price respects the weekly fib pivots # check for the overall trend on bigger tf - 1D , 4hrs # avoid weak momentum trades , cuts in the range of 100 to -100 are good # narrow weekly CPR act as good support n resistance # cpr above 200 ema - SELL PROBABILITY # cpr below 200 ema - BUY PROBABILITY # cpr alongside 200 ema - SIDEWAYS TREND
Short
by rforraj
gold xauusd support and resistance levels 22-7-2022FOREX GOLD XAUUSD SUPPORT AND RESISTANCE LEVELS || 22/07/2022 GOLD SIGNALS FOREX LEVELS TODAY TODAY GOLD LEVELS BUY SELL GOLD #forex #gold #xauusd #xauusdsignals #technicalanalysis Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. warning: Note! The Analysis video shared here are for educational/informational purposes only.
OANDA:XAUUSD
by Ravi_forexTrader
FOREXTAMIL AUDCAD SELL ENTRY 0.96788Signal Specification: Pair: AUDCAD Order: SELL Entry : 0.96788 Take Profit : 0.96577 Stop loss : 0.96954 Risk Vs Reward: 1.27 Our Unique Features: 1. Follow our continuous 15 signals ….Your capital increased upto 10% in your equity surely. 2. We are not TP1, TP2, TP3.. 3. We are not Trailing stop! or average the trades. 4. 2% Risk Management Per trade. 5. Risk vs Reward upto 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. This means that even if just 2 out of 4 signals hits their SL marks, the other two that would have closed profitably would allow you be in good overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Forextamil
by Tradingwithtamil
forex and gold forecast for this week 1/09/2024 to 6/09/2024 Hey there! It sounds like you’re ready to dive into the markets next week. Here are some key points to consider for your trading strategy: Gold (XAU/USD) Trend: Gold is in a consolidative phase around $2,500. Watch for a breakout above $2,532 for potential bullish momentum. Support/Resistance: Key support at $2,470 and resistance at $2,532. A break above $2,532 could target $2,550 and $2,600. Factors: Keep an eye on US PCE inflation data and geopolitical tensions, especially between Russia and Ukraine. Forex (USD) US Dollar: The USD might face bearish pressure. Focus on employment data and Federal Reserve decisions. Key Influences: Potential Fed rate cuts and economic data like retail sales and employment figures will be crucial. Trading Direction Gold: If gold breaks above $2,532, consider long positions. If it falls below $2,470, short positions might be favorable. USD: With bearish pressure, look for opportunities to short the USD against stronger currencies.
CAPITALCOM:GOLD
by JORTOW
1
Forex Trade Analysis on Gold using the ICT Killer Zone StrategyDescription: Embark on a lucrative journey in the Forex market with a compelling Buy Trade opportunity on Gold, backed by meticulous technical analysis and the powerful ICT Killer Zone Strategy. As market dynamics continue to evolve, informed traders recognize the potential for substantial gains within the precious metals sector, and Gold, often considered a safe-haven asset, presents a particularly enticing prospect. Technical Analysis Overview: The decision to initiate a Buy Trade on Gold is rooted in a comprehensive technical analysis that considers multiple indicators and chart patterns. Key factors contributing to this opportunity include: Trend Analysis : A careful examination of Gold's historical price movements reveals a robust upward trend, indicating a bullish market sentiment. This is supported by the convergence of various moving averages, emphasizing the sustained strength in the asset's value. Support and Resistance Levels : Identifying key support levels, where the price tends to rebound, and resistance levels, where it may face hurdles, is crucial. In this analysis, Gold has shown resilience at strategic support levels, signaling a favorable entry point for traders. Relative Strength Index (RSI): The RSI, a momentum oscillator, has been analyzed to ensure that Gold is not overbought. The RSI readings align with the Killer Zone Strategy, suggesting a balanced market condition suitable for a calculated Buy Trade. ICT Killer Zone Strategy: The ICT (Inner Circle Trader) Killer Zone Strategy is a sophisticated approach that considers market structure, key Fibonacci levels, and institutional order flow. The Killer Zone, a critical area on the price chart, is identified through a confluence of these elements, enhancing the probability of successful trades. For the Gold Buy Trade, the following aspects of the Killer Zone Strategy come into play: Fibonacci Retracement Levels: By applying Fibonacci retracement levels to recent price swings, the Killer Zone is strategically placed at the confluence of these levels. This adds a layer of confirmation, aligning with the natural ebb and flow of the market. Market Structure Analysis: Understanding market structure, including the highs and lows of price action, allows traders to pinpoint the optimal entry within the Killer Zone. This meticulous analysis minimizes risk and maximizes the potential for profit. Order Flow Considerations: Factoring in institutional order flow provides a holistic view of market dynamics. The Killer Zone is strategically positioned to align with major institutional orders, increasing the likelihood of a significant price move in the intended direction. Forex Pip Target: The objective of this Gold Buy Trade is to achieve a Forex Pip Target that aligns with the potential price movement indicated by the technical analysis and the Killer Zone Strategy. The target is carefully calculated based on historical volatility, support and resistance levels, and the overall market sentiment. In conclusion, this Gold Buy Trade opportunity presents a compelling prospect for Forex traders seeking a well-researched and strategically sound investment. With the confluence of technical analysis and the ICT Killer Zone Strategy, traders can confidently navigate the Forex market and strive to capitalize on the potential gains offered by this carefully identified opportunity.
EIGHTCAP:XAUUSDLong
by forexpiptarget
Forex Trend Following StrategyWith the Forex trend following strategy, you can ride market waves. Here is how you can do it. The Forex Trend Following strategy is a popular approach that involves buying in uptrends and selling in downtrends. By utilizing multiple timeframes and technical indicators like moving averages and the ADX indicator, traders can identify trend direction and make well-timed entries and exits. 📊 How to read this chart? Here's a breakdown of the indicators used: 📈 Bollinger Bands: When candles breach the upper band, it signals a positive uptrend, while breaching/touching the lower band indicates a sell signal. 📉 RSI (60,40): RSI above 60 suggests an uptrend, while below 40 indicates a downtrend in the markets. 📊 Trend Following with Moving Averages: This indicator helps identify market trends by analyzing moving averages. ⚡️ ADX Indicator: ADX measures trend strength. Higher ADX values indicate stronger market movements. Combine these indicators with technical analysis for a comprehensive market analysis. Remember, more similar signals from indicators strengthen the market movement. This strategy capitalizes on the power of trends, allowing traders to ride the waves of market momentum and capture profits along the way. With disciplined risk management and a patient mindset, traders can navigate the forex market with confidence, leveraging the potential of sustained trends. So, gear up, embrace the trend, and ride the waves of forex trading with the Forex Trend Following strategy. We have also covered the Halftrend strategy if you haven't read you can read it from here. In the next idea, we’ll cover Forex Trendline trading, till then how about you follow Dhan for more such trading ideas. Happy Trading!
by Dhan